RGA Announces US$4.1 Billion Coinsurance Transaction With Manulife
Reinsurance Group of America, Incorporated (RGA)
Last reinsurance group of america, incorporated earnings: 1/28 04:15 pm
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Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, and John Hancock, a subsidiary of Manulife Financial Corporation (Manulife), a leading international financial services group, announced today an agreement to reinsure approximately US$4.1 billion in liabilities comprising $1.9 billion in long-term care (LTC) and $2.2 billion in structured settlements. This latest transaction builds on RGA’s long-standing strategic partnership with Manulife across a wide range of business types and global markets.The reinsured LTC block consists of policies that closely match the characteristics of RGA’s current in-force LTC portfolio, including that all such policies were issued in 2007 or later. The structured settlements block highlights the power of RGA’s expertise in longevity risk and the company’s 25-year history as a premier provider of asset-intensive solutions. Both transactions are on a full-risk basis, with RG
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News
- Manulife reaches reinsurance deal worth $5.4 billion to free up capital [Investment Executive - News]Investment Executive - News
- Market movers: Stocks seeing action on Thursday - and why [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Manulife reaches reinsurance deal worth $5.4-billion to free up capital [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Manulife reaches reinsurance deal worth $5.4 billion to free up capital [Yahoo! Finance Canada]Yahoo! Finance Canada
- Manulife reaches reinsurance deal worth $5.4 billion to free up capital [BNN Bloomberg (Canada)]BNN Bloomberg
RGA
Earnings
- 10/31/24 - Beat
RGA
Sec Filings
- 11/1/24 - Form 10-Q
- 10/31/24 - Form 8-K
- 10/24/24 - Form 8-K
- RGA's page on the SEC website